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US pillar two stance: tax competitiveness challenges for Portugal and the EU

by usoftax_admin | Apr 10, 2025 | Tax News

Pillar two will fail to achieve its aims without the participation of major economies, say João Velez de Lima, Teresa Teixeira Mota, and Francisca de Landerset of VdA

Australia’s Federal Budget 2025–26: key takeaways

by usoftax_admin | Apr 10, 2025 | Tax News

Kelvin Yuen of DLA Piper Australia summarises proposed changes to the managed investment trust regime, the deferral of a mooted foreign resident capital gains tax measure, and increased funding for the Australian Taxation Office

US foreign tax credit rules: impact on Brazilian withholding taxes

by usoftax_admin | Apr 10, 2025 | Tax News

Taxpayers with Brazilian operations should revisit their withholding positions in light of updated US guidance, writes Rafael Benevides, senior tax counsel at Meta

NJ Will Pay $15M To Settle County’s Casino Tax Break Lawsuit

by usoftax_admin | Apr 9, 2025 | Tax News

Atlantic County and the state of New Jersey have reached a $15 million settlement over a dispute related to a property tax break program for casinos that the county argued unconstitutionally shifted the tax burden to its municipalities.

Tax Court Restores $74M In Deductions For Met Donations

by usoftax_admin | Apr 9, 2025 | Tax News

A philanthropist can take nearly $74 million in charitable tax deductions for paintings he donated to the Metropolitan Museum of Art, even though the values were determined by an unqualified appraiser, the U.S. Tax Court ruled Wednesday in restoring a tax break denied...
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